The Global Market for Medical Devices, 8th Edition (40+ Specific Device Markets and 23 Country Markets Forecasted to 2022)

 
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Published Oct 6, 2017 | 300 Pages | Pub ID: KLI15499738

What Is the Size of the Medical Device Market?

Kalorama estimates the global medical device market at $389 billion dollars. This means a large opportunity for hundreds of companies offering solutions that can improve patient outcomes and reduce hospital stays. The market includes common devices and Kalorama Information’s report, Global Market for Medical Devices, 8th Edition, is a complete view of the medical device market and opportunity for medical device companies, competitors, and investors. As part of its coverage, this report contains market sizing and forecasts for the world medical device market and those of several countries, a survey of regulatory practices across the world, research and development spending, the impact of the medical device tax in the United States and pricing in other countries, a look at the status of the hospital industry, key drivers and limiters and profiles of major device companies and promising small firms.

40+ Specific Medical Device Markets

The Global Market for Medical Devices, 8th Edition examines specific medical device markets, describing trends and major medical device companies in many fields. The report addresses device category segment markets, analyzing these to help render the total market for medical devices visible.

  • Anesthesia Monitors
  • Blood Collection
  • Blood Gas Analyzers
  • Blood Pressure Monitors
  • Cannual Respiratory
  • Catheters
  • Computed Tomography
  • Coronary Stents
  • CPAP Machines
  • Defibrillators
  • Dental Equipment (excluding x-ray)
  • Dental X-ray
  • Dialysis Equipment & Supplies
  • EKG/ECG Machines
  • Electrosurgical Devices
  • Endoscopes (excluding gastro)
  • Gastric Banding/Bariatric
  • Gastro Endoscopes
  • Glucose Tests
  • Hip Implants
  • Hypodermic Syringe
  • Infusion Pumps
  • Intraocular Lenses
  • Knee implants
  • Medical Beds
  • Minimally Invasive Surgical Instruments
  • MRI
  • Neurostimulation
  • Ostomy Care Devices
  • Oxygen Therapy Equip.
  • Pacemakers
  • Spine Implants
  • Stethoscopes
  • Sutures, Staples, Staplers
  • Traditional Surgical Instruments (scalpels, forceps, retractors, scissors)
  • Ultrasound
  • Vascular Closure Devices
  • Wheelchairs
  • Wound Care, Advanced
  • X-Ray (excluding dental)
  • Others

Bellwether 'Index' of Top Companies

Further, the report discusses “bellwether companies.” Kalorama has isolated 15 bellwether companies based on revenues and also diversity of medical devices produced, so that changes merely in one area of devices have a mitigated impact on the industry forecast. The report concludes with several company profiles, noting revenues, product launches and selected products.   

With increasing growth in the market, companies are merging to build revenue growth and present combined offerings to hospital and physician customers.  The US economy recovered somewhat, yet in Europe as well as the United States reimbursement challenges and the threat of new legislation looms.   Emerging markets again helped to boost company revenues but the double-digit growth of past years is no longer widely forecasted.   

As part of its coverage, this report contains: an overview of medical devices and relevant regulation in several world markets; market size estimate and forecast to 2022 for the global market, the United States market and several country markets, including China, Japan, India Brazil, Germany, Canada and other nations; an index of bellwether device companies; markets for specific categories of medical devices; a look at market drivers and limiters; and company profiles of major device concerns.

Coverage of the Top Medical Device Companies

The eighth edition of Kalorama Information’s Global Market for Medical Devices finds a few trends in the global market continuing and some new trends in the market.  Revenue growth at major companies has changed and so have most revenue forecasts, including Kalorama Information’s forecast.  Market share position has changed in the last year as several major competitors joined and others have shed medical device units.  A host of mergers and acquisitions have occurred in the market as players seek to purchase growing operations.    Medical Device Companies include:

  •  Medtronic 
  •  Johnson & Johnson 
  •  St. Jude Medical 
  •  Boston Scientific 
  •  Stryker Corporation 
  •  Smith & Nephew, plc 
  •  Becton Dickinson &Co. (BD) 
  •  B. Braun 
  •  Siemens Healthcare 
  •  GE Healthcare 
  •  Philips Healthcare 
  •  Baxter 
  •  Cook Medical 
  •  Hill-Rom 
  •  3M Health Care 
  •  Canon/Toshiba 
  •  ConvaTech 
  •  Fresenius 
  •  CR Bard 
  •  CareFusion 
  •  Invacare 
  •  Nobel Biotech 
  •  Access Scientific 
  •  Wright Medical 
  •  Terumo Corporation 
  •  Cardinal Health 
  •  Dentsply 
  •  Coloplast 
  •  Paul Hartmann AG 
  •  Teleflex, Inc. 
  •  Haemonetics 
  •  Zimmer 
  •  PerkinElmer, Inc. 
  •  Nobel Biocare 


Medical device company merger and acquisitions activity was heavy in 2015 and into 2016. The report discusses these mergers and acquisitions in selected segments.

Country-Level Medical Device Markets

The Global Market for Medical Devices, 8th Edition features market sizing by country and includes the following country markets:

  •  United States 
  •  Japan 
  •  Germany 
  •  China 
  •  France 
  •  United Kingdom 
  •  Italy 
  •  Spain 
  •  Canada Australia 
  •  India 
  •  Brazil 
  •  Switzerland 
  •  Mexico 
  •  Turkey 
  •  South Korea 
  •  Sweden 
  •  Singapore 
  •  Chile 
  •  Malaysia 
  •  Poland 
  •  Indonesia 
  •  South Africa 
  •  Vietnam 
The medical device market, in terms of revenues, is not even half as large as the global pharmaceutical market, though it sees many more transactions. This is due to pricing, as in volume terms there are more units sold in the device market.  However, growth prospects in medical devices in the aggregate are more promising than in the current pharmaceutical industry, challenged by patent expirations and regulatory activity.  Although the largest component of the market is in the United States, the majority of sales are non-US, and considerable future growth is occurring in other markets.
1: EXECUTIVE SUMMARY
OVERVIEW

SIZE AND GROWTH OF THE MARKET
Figure 1-1: Global Medical Device Market, 2015-2022
TOP COMPANIES

MERGERS AND ACQUISITIONS

SCOPE AND METHODOLOGY

CONCLUSIONS

2: INTRODUCTION

OVERVIEW

Table 2-1: Summary: Global Atlas of Medical Devices, 2017 Update

REGULATION IN THE UNITED STATES

Classification of Medical Devices


Table 2-2: Medical Device Reclassifications, 2013-2016 (updated January 9, 2017)

Figure 2-1: FDA Devices Cleared in 2016/2017 (August 2016 - August 2017), 510(k) Clearances by Month . 25

REGULATION IN EUROPE

European Union

Table 2-3: EU Medical Device Classification Rules

Table 2-4: EU Medical Device Directives by Device Type

Figure 2-2: EU Competent Authorities

Figure 2-3: EEA Competent Authorities

REGULATION IN JAPAN

REGULATION IN CHINA

REGULATION IN CANADA

REGULATION IN BRAZIL

WORLD HEALTH CARE TRENDS

UNIQUE DEVICE IDENTIFIER (UDI)

3: MERGERS AND ACQUISITIONS

INTRODUCTION

SELECTED SIGNIFICANT DEVICE INDUSTRY MERGERS AND ACQUISITIONS

Figure 3-1: Highest Valued Medical Device M&A Deals (2015-2017 YTD)

Medtronic Acquires Covidien and Other Companies

Abbott: Acquisitions, Divestures and the Alere Deal

Pfizer and the $17 Billion Hospira Acquisition

Zimmer Finalizes Biomet Acquisition

BD Acquires CareFusion

Cardinal Health Strengthens Position in Medical Device Market with Medtronic Asset Acquisition

Dentsply-Sirona Merger

Johnson & Johnson and Abbott Medical Optics: Combined #2 in Vision Care Industry

Thermo Fisher Scientific Completes Major Deals in 2016

Danaher and Cepheid: Expanding Access to Molecular Diagnostic Technologies

Tornier and Wright Medical Merger Finalized

Stryker Corporation Active in M&A

Hill-Rom Completes Acquisition of Welch Allyn

Table 3-1: Mergers and Acquisitions in the Medical Device Market, 2015-2017 YTD

Figure 3-2: Medical Device M&A Combined Value by Year (2015-2017 YTD)

Pending Deals (as of September 20, 2017)
4: SPECIFIC DEVICE MARKETS

Table 4-1: Global Markets for Specific Medical Devices, 2015-2022 ($ Billions)
WHEELCHAIRS

DEFIBRILLATORS

PACEMAKERS

MEDICAL GLOVES

ADVANCED WOUND CARE DEVICES

BLOOD COLLECTION SUPPLIES

CATHETERS

GASTRIC BANDING AND BARIATRIC DEVICES

MINIMALLY INVASIVE SURGERY (MIS)

PATIENT MONITORING

DIALYSIS

MRI

ULTRASOUND

HIP IMPLANTS

KNEE IMPLANTS

MEDICAL BEDS

X-RAY AND DIGITAL X-RAY

INTRAOCULAR LENS DEVICES

INFUSION PUMPS

POINT-OF-CARE TESTS (POC)

STENTS

RESPIRATORY DEVICES

CRITICAL CARE ANALYSIS

NASAL CANNULAE

CPAP DEVICES

WEARABLE DEVICES

OSTOMY PRODUCTS

5: BELLWETHER COMPANIES

REVENUE PERFORMANCE - 15 BELLWETHER COMPANIES

Table 5-1: Revenue Performance, Bellwether Companies, 2015 vs. 2016 (US billions)
US VERSUS INTERNATIONAL SALES
Table 5-2: Percent of Sales from US, 2015 and 2016
INVESTMENT IN RESEARCH AND DEVELOPMENT
Table 5-3: Research and Development Spending, Bellwether Companies, 2015 and 2016 (US billions)

Table 5-4: Research and Development Spending as a Percentage of Revenues, Bellwether Companies, 2015 and 2016
6: MARKET ANALYSIS

MARKET DRIVERS

Aging Population
Figure 6-1: Global Population Trends, Total Population vs. Age 65+ Population, 2000-2050
Source: U.S. Census Bureau

Increase in Chronic Disease
Figure 6-2: Global Prevalence of Disease, 2000, 2015 and Projected 2030

Figure 6-3: Mortality: Chronic vs. Acute, 2015
MARKET CONSTRAINTS

Pressure on Prices
Figure 6-4: Medical Device Spending as a Percentage of Total Health Spending, by Country, 2016
Group Purchasing Organization

Value Analysis Committees

STATE OF THE US HOSPITAL MARKET
Figure 6-5: Major U.S. Hospital Chain 2012-2015 Results: Revenue, Net Income, Debt, Supply Spending . 120
MEDICAL DEVICE SIZE AND GROWTH
Figure 6-6: Medical Device Market, 2015-2022
MARKET BY REGION
Figure 6-7: Medical Device Market Distribution by Region, 2016 (North America, EMEA, Asia Pacific, Latin America)
MARKET BY COUNTRY
Table 6-1: Significant Country Device Markets (United States, Japan, Germany, China, France, United Kingdom, Italy, Spain, Canada, Australia, India, Brazil, Switzerland, Mexico, Turkey, South Korea, Sweden, Singapore, Chile, Malaysia, Poland, Indonesia, South Africa, Vietnam), 2015-2022 ($ billions)
United States Medical Device Market
Figure 6-8: US Medical Device Market Indicators
Japan Medical Device Market
Figure 6-9: Japan Medical Device Market Indicators
Germany Medical Device Market
Figure 6-10: Germany Medical Device Market Indicators
China Medical Device Market
Figure 6-11: China Medical Device Market Indicators
France Medical Device Market
Figure 6-12: France Medical Device Market Indicators
United Kingdom Medical Device Market
Figure 6-13: United Kingdom Medical Device Market Indicators
Italy Medical Device Market
Figure 6-14: Italy Medical Device Market Indicators
Spain Medical Device Market
Figure 6-15: Spain Medical Device Market Indicators
Canada Medical Device Market
Figure 6-16: Canada Medical Device Market Indicators
Australia Medical Device Market
Figure 6-17: Australia Medical Device Market Indicators
India Medical Device Market
Figure 6-18: India Medical Device Market Indicators
Brazil Medical Device Market
Figure 6-19: Brazil Medical Device Market Indicators
Switzerland Medical Device Market
Figure 6-20: Switzerland Medical Device Market Indicators
Mexico Medical Device Market
Figure 6-21: Mexico Medical Device Market Indicators
Turkey Medical Device Market
Figure 6-22: Turkey Medical Device Market Indicators
South Korea Medical Device Market
Figure 6-23: South Korea Medical Device Market Indicators
Sweden Medical Device Market
Figure 6-24: Sweden Medical Device Market Indicators
Singapore Medical Device Market
Figure 6-25: Singapore Medical Device Market Indicators
Chile Medical Device Market
Figure 6-26: Chile Medical Device Market Indicators
Malaysia Medical Device Market
Figure 6-27: Malaysia Medical Device Market Indicators
Poland Medical Device Market
Figure 6-28: Poland Medical Device Market Indicators
Indonesia Medical Device Market
Figure 6-29: Indonesia Medical Device Market Indicators
South Africa Medical Device Market
Figure 6-30: South Africa Medical Device Market Indicators
Vietnam Medical Device Market
Figure 6-31: Vietnam Medical Device Market Indicators
7: COMPANY PROFILES: BELLWETHER
MEDTRONIC
Table 7-1: Medtronic Corporate Summary
COMPANY OVERVIEW
Products
Company Financials
Table 7-2: Medtronic Financial Review, 2015-2017 ($millions)
JOHNSON & JOHNSON
Table 7-3: Johnson & Johnson Corporate Summary
Company Overview
Products
Company Financials
Table 7-4: Johnson & Johnson Financial Review 2015-2017 ($ billions)
SIEMENS HEALTHINEERS
Table 7-5: Siemens Healthineers Corporate Summary
Company Overview
Products
Company Financials
Table 7-6: Siemens AG Financial Review, 2015-2017 ($ billions)
DANAHER CORPORATION
Table 7-7: Danaher Corporate Summary
Company Overview
Company Financials
Table 7-8: Danaher Financial Review, 2015-2017 ($billions)
Table 7-9: Corporate Profile - Philips
Company Overview
Mergers & Acquisitions
Products
Company Financials
Table 7-10: Philips Financial Review, 2015-2017 ($millions)
BECTON DICKINSON & CO. (BD)
Table 7-11: Becton Dickinson Corporate Summary
Company Overview
Mergers and Acquisitions
Products
Company Financials
Table 7-12: Becton Dickinson Financial Review, 2015-2017 ($ billions)
STRYKER CORPORATION
Table 7-13: Stryker Corporate Summary
Company Overview
Products
Company Financials
Table 7-14: Stryker Corporation Financial Review, 2015-2017 ($ billions)
GE HEALTHCARE
Table 7-15: GE Healthcare Corporate Summary
Company Overview
Products
Company Financials
Table 7-16: GE Healthcare Financial Review, 2015-2017 ($ billions)
ABBOTT
Table7-17: Abbott Corporate Summary
Company Overview
Products
Company Financials
Table 7-18: Abbott Financial Review, 2015-2017 ($billions)
BOSTON SCIENTIFIC
Table 7-19: Boston Scientific Corporate Summary
Company Overview
Products
Company Financials
Table 7-20: Boston Scientific Financial Review, 2015-2017 ($billions)
ZIMMER BIOMET
Table 7-21: Zimmer Biomet Corporate Summary
Company Overview
Products
Company Financials
Table 7-22: Zimmer Biomet Financial Review, 2015-2017 ($ billions)
B. BRAUN
Table 7-23: B.Braun Corporate Summary
Company Overview
Products
Company Financials
Table 7-24: B.Braun Financial Review, 2015-2017 ($ billions)
BAXTER INTERNATIONAL
Table 7-25: Baxter Corporate Summary
Company Overview
Products
Company Financials
Table 7-26: Baxter Financial Review, 2015-2017 ($ billions)
OLYMPUS MEDICAL SYSTEMS
Table 7-27: Olympus Corporate Summary
Company Overview
Products
Company Financials
Table 7-28: Olympus Corp. Financial Review, FY 2016-2017 ($ millions)
SMITH & NEPHEW PLC.
Table 7-29: Smith & Nephew Corporate Summary
Company Overview
Acquisitions
Products
Company Financials
Table 7-30: Smith & Nephew Financial Review, 2015-2017 ($ billions)
8: COMPANY PROFILES: OTHER MARKET PARTICIPANTS
3M HEALTH CARE
Table 8-1: 3M Corporate Summary
Company Overview
Products
ACCESS SCIENTIFIC, LLC
Table 8-2: Access Scientific Corporate Summary
Company Overview
Products
ACUTRONIC MEDICAL SYSTEMS AG
Table 8-3: Acutronic Medical Corporate Summary
Company Overview and Products
ADVANCED BIONICS AG
Table 8-4: Advanced Bionics Corporate Summary
Company Overview
Products
ANGIODYNAMICS
able 8-5: Angiodynamics Corporate Summary
Company Overview
Products
ARJOHUNTLEIGH
Table 8-6: ArjoHuntleigh Corporate Summary
Company Overview
Products
BSN MEDICAL
Table 8-7: Corporate Summary
Company Overview
Products
CARDINAL HEALTH
Table 8-8: Cardinal Health Corporate Summary
Company Overview
Products
COLOPLAST
Table 8-9: Coloplast Corporate Summary
Company Overview
CONVATEC
Table 8-10: Corporate Summary
Company Overview
Products
COOK MEDICAL
Table 8-11: Cook Medical Corporate Summary
Company Overview
Products
COOPER SURGICAL
Table 8-12: Corporate Summary
Company Overview
Products
CR BARD
Table 8-13: CR Bard Corporate Summary
Company Overview
Products
DENTSPLY-SIRONA
Table 8-14: Dentsply Sirona Corporate Summary
Company Overview
Products
DRAGERWERK AG & CO. KGAA
Table 8-15: Dragerwerk Corporate Summary
Company Overview
DRIVE DEVILBISS HEALTHCARE
Table 8-16: Drive DeVilbiss Corporate Summary
Company Overview
Products
EDWARDS LIFESCIENCES
Table 8-17: Edwards Lifesciences Corporate Summary
Company Overview
Products
FISHER & PAYKEL HEALTHCARE LIMITED
Table 8-18: Fisher & Paykel Corporate Summary
Company Overview
Products
FRESENIUS
Table 8-19: Fresenius Corporate Summary
Company Overview
GF HEALTH PRODUCTS INC.
Table 8-20: GF Health Products Corporate Summary
Company Overview
Products
HAEMONETICS
Table 8-21: Haemonetics Corporate Summary
Company Overview
Products
HILL-ROM
Table 8-22: Corporate Summary
Company Overview
Products
HOLLISTER INCORPORATED
Table 8-23: Hollister Inc. Corporate Summary
Company Overview
Products
INVACARE
Table 8-24: Invacare Corporate Summary
Company Overview
Products
IRADIMED CORPORATION
Table 8-25: IRadimed Corporate Summary
Company Overview
Products
MASIMO CORPORATION
Table 8-26: Masimo Corporate Summary
Company Overview
Products
MINDRAY
Table 8-27: Mindray Corporate Summary
Company Overview
Products
NOVA BIOMEDICAL
Table 8-28: Nova Biomedical Corporate Summary
Company Overview
Products
PAUL HARTMANN, AG
Table 8-28: Paul Hartmann Corporate Summary
Company Overview
Products
PERKINELMER, INC
Table 8-29: PerkinElmer Corporate Summary
Company Overview
Products
RESMED
Table 8-30: ResMed Corporate Summary
Company Overview
Products
ROCHE
Table 8-31: Roche Corporate Summary
Company Overview
Products
TELEFLEX INC
Table 8-31: Teleflex Corporate Summary
Company Overview
Products
TERUMO CORPORATION
Table 8-32: Terumo Corporate Summary
Company Overview
Products
ZYNO MEDICAL LLC
Table 8-33: Zyno Medical Corporate Summary
Company Overview
Products

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